Which Is Not a Commonly Heard Argument for Protectionism

question 175

Multiple Choice

Which is not a commonly heard argument for protectionism?

• A)A strong national defense requires that some military products be produced domestically.
• B)Infant industries need short-run, but not long-run, protection from foreign competition.
• C)Specialization along the lines of comparative advantage can lead to greater economic instability for a nation.
• D)When other nations' economies grow they typically import fewer goods and services.

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Definitions:

Twenties

A term often used to describe the decade between 20 and 29 years of age, or the 1920s era known for its unique cultural and social dynamism.

Justification of Effort

The tendency to attribute a greater value to an outcome they had to put effort into achieving.

Liking

A feeling of affection or fondness towards someone or something.

Suffered

Experienced or been subjected to something bad or unpleasant.